Nine Month Sales Rise 11%
RPM’s net sales for the third quarter ended Feb. 29 rose 11% to $480.8 million. Organic growth represented four percent of that gain. The consumer segment reported sales increases of nine percent over the prior year’s quarter. The industrial sector recorded a sales gain of 13% lead by RPM’s roofing services operation. Net income in the quarter rose 23% to $6 million compared to $4.9 million reported in the same quarter in fiscal 2003.
For the nine month period, net sales rose 11% to $1.661 billion. The industrial and consumer sectors posted growth of 12% and 10% respectively. Net income for the nine months rose 13% to $88.9 million.